Customer indicates the level of support
LTC Globally worked correction of the entire growth to the level of 0.5 fibo, this is excellent because the paradigm of organic growth of any asset is the correction to accumulate more volume and continue the upward movement.
More locally, we see on the 4-hour clock that the candles are closed with pin bars, with very long shadows at the bottom, based on market mechanics, we can conclude that bulls are protecting the level of $ 84-88.
At the moment, we see bullish divers on MACD and RSI (the price goes down, updating the minima, the indicator remains within the level), therefore you can add positive growth factors to the bank. All movement takes place in a bullish wedge format, which is another positive signal in long.
Bottom line: You can enter after a breakdown of the downward trend, the first goal will be 0.5 total fall of fibo - $ 106, a horizontal volume is detected there, which will only strengthen the zone. It is not worth entering yet, because we are not insured against one more long candle, and bringing our foot under a minimum ($ 84).
LTC Globally worked correction of the entire growth to the level of 0.5 fibo, this is excellent because the paradigm of organic growth of any asset is the correction to accumulate more volume and continue the upward movement.
More locally, we see on the 4-hour clock that the candles are closed with pin bars, with very long shadows at the bottom, based on market mechanics, we can conclude that bulls are protecting the level of $ 84-88.
At the moment, we see bullish divers on MACD and RSI (the price goes down, updating the minima, the indicator remains within the level), therefore you can add positive growth factors to the bank. All movement takes place in a bullish wedge format, which is another positive signal in long.
Bottom line: You can enter after a breakdown of the downward trend, the first goal will be 0.5 total fall of fibo - $ 106, a horizontal volume is detected there, which will only strengthen the zone. It is not worth entering yet, because we are not insured against one more long candle, and bringing our foot under a minimum ($ 84).
